Pakistan’s First Domestic Payment Scheme PayPak Launched

Ashraf Mahmood Wathra, Governor State Bank of Pakistan inaugurated Pakistan’s first domestic Payment Scheme in Karachi on 5th April 2016. The new payment scheme has been branded as “PayPak” and will compete in the domestic market with other international payment schemes. However, the new card will only be used within Pakistan and will offer the benefit of low cost, ease of affordability and security to ordinary citizens.

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MFSYS Software and Systems (Pvt) Ltd. (MFSYS) specializes in developing and implementing a wide range of enterprise-software applications and technologies specifically for the financial industry, with the major focus being on Microfinance and Banking.

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MFSYS Software and Systems (Pvt) Ltd. (MFSYS) specializes in developing and implementing a wide range of enterprise-software applications and technologies specifically for the financial industry, with the major focus being on Microfinance and Banking.